Lack of Data Hampers Buyers, Sellers of Cyber and Reputation Policies

Cyberinsurance and reputation insurance are gaining in popularity, but some industry watchers say underwriters of such polices and companies buying them are flying blind because of a lack of actuarial data to better align coverage options with actual risks and a disconnect between the cost of policies and the amount of coverage offered.

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In the wake of the 2005 hurricane season, when seven major hurricanes, including Katrina, made landfall, the banking sector was severely impacted. But banks also learned many useful lessons about how to respond to such disasters. Learn how technology, procedural changes and the actions of the Federal Reserve are altering the response this time around, and what challenges still remain as banks weather the latest round of storms.

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